oil prices on the world markets as it cannot continue to maintain costly fuel subsidies, said state oil and gas company Petronas. The government has been keeping domestic fuel prices below world market levels through an increasingly costly subsidy programme. Fuel subsidies are expected to rise to RM35 billion this year from RM16 billion last…
MALAYSIA: Petronas wants end to fuel subsidies
Posted on April 16, 2008 by EnergyAsia